Training PSC Budgeting: POD, AFE, WP&B

Pelatihan PSB Budgetting : POD, AEF, WP&B

Training PSC Budgeting. This course is designed to give participants understanding and better picture as to how the PSC (Production Sharing Contract) for Petroleum (oil&gas) industry applied in Indonesia. A budgeting process and control is more than a row of numbers. It is a tool for establishing priorities of action, determining program content, and exercising control of operations. This workshop focuses on budgeting process and control from a company and departmental viewpoint, operating as a cost center, and using the information for budgetary decision making and establishing the a control.

ikuti juga : training advanced budgeting and cost control

Tujuan 

1. How to construct an oil and gas budget, process and control to maintain the best performance of the company.
2. How to develop capital budgets and allocate capital
3. Learn about financing alternatives available to oil and gas companies
4. How to develop the company’s cost of capital
5. What are the various financial issues associated with oil and gas project development, execution and operations.

Materi 

PRODUCTION SHARING CONTRACT AN UPDATE

1. Overview of Business Process of Oil and Gas Industry
2. PSC Term and Conditions : Current and prospect
3. Introduction to PSC and Cost Recovery Mechanism

BUDGET IN OIL and GAS COMPANY

1. Capital Expenditures ( Exploratory wells, Development wells, Development Facilities,Facilities,Warehouse stock)
2. Operating Expenditures ( Department Cost Centers, Special well repairs,Abandonment & Site restoration, Insurance,
   Administrative Overhead)

OIL AND GAS ACCOUNTING AND FINANCIAL REPORTING OPERATIONS

1. Oil and Gas (E and P) and Cost Classification, Ascertainment, and Treatment of Costs
2. Accounting Principles (including Accounting Methods) and Financial Policies in Relation to O&G Upstream Operations
3. E & P Operations Funding Arrangements and Accounting Implications
4. Oil and Gas Revenue Accounting
5. Work Program and Budgeting (WP&B)
6. Authorization for Expenditure (AFE)
7. Accounting Reports
8. Accounting Implications of Carried Interests and Reporting Processes

BUDGETARY CONTROL

1. Financial Planning and Budgets
2. Operated vs. Non-Operated Budgets
3. Budgets Analysis
4. Budgetary Control (including variance analysis, project cost control, production cost reporting and control)